Analyst: Without major impactful events, bitcoin may enter a low volatility phase
BlockBeats news, on March 19, Greeks.live analyst Adam posted that on March 19, the transmission effect of the US stock market on cryptocurrencies was significant. Major US stocks fell sharply, causing bitcoin to drop from $74,000 to $71,000, and the altcoin market followed the decline.
Although Powell's speech was hawkish, warning that regional conflicts could bring inflation risks and the Federal Reserve may not cut interest rates this year, the market had already priced in these expectations, and the rate decision did not exceed forecasts. The volatility surge triggered by this round of decline lasted for a very short time and has already fallen back below yesterday afternoon's level this morning. As we approach the quarterly settlement week, if there are no major impactful events, bitcoin may enter a low volatility phase.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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